Reliance buys stake in Netmeds for Rs 620 crore
Reliance buys stake in Netmeds for Rs 620 crore

Reliance Industries has announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority share of equity shares in Vitalic Health Pvt Ltd and its affiliates, collectively known as Netmeds. have done it. Reliance has done this agreement for 620 crores rupees.

Reliance has bought a total of 60 percent shares in Vitalik. It has purchased 100 percent participation in its subsidiaries Trisara Health Pvt Ltd, Netmeds Market Place Ltd and Dadha Pharma Distribution Pvt Ltd.

Isha Ambani, director of Reliance Retail, said that this investment reinforces our pledge that we can provide digital access to everyone in the country. Reliance Retail will now be able to provide good quality and affordable health care products and services to people through participation in NetMeds.

She said that he was very impressed with the business of Netmeds, which started its services across the country in such a short time and is confident that its growth will accelerate further after Reliance's investment and partnership. Vitalik and its subsidiaries Pharma Distribution is in the business of sales and support services and has been working since 2015. Its subsidiaries run an online pharmacy platform 'NetMeds'. They connect users with pharmacists and do doorstep delivery of the vaccine. Along with medicine, it also provides nutrition and wellness products.

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